Procter & Gamble Stock Price, News & Analysis

P&G Ventures, the early-stage startup studio within Procter & Gamble (NYSE:PG), has announced the four finalists for its Innovation Challenge 2021. These startups will pitch their innovative product ideas at CES 2022 for a chance to win $10,000 and further collaboration with P&G Ventures. Finalists include Cybele Microbiome, Kushae Naturals, Lady Patch, and Ryp Labs. This year's challenge saw a record number of submissions, with 60% being from female founders. The pitch event takes place on January 6, 2022, at 9:30am PT, and will be live-streamed.

Procter & Gamble’s Always has announced a donation of $320,000 to the YMCA to launch the Always Sports Grant, enabling access to sports programs for 1,500 girls across ten states. This initiative aims to combat the dropout rate among girls in sports, particularly during puberty, which is near 50%. The grant will cover various sports, including basketball and soccer, with an earlier donation of $500,000 supporting ten grassroots organizations. The partnership seeks to empower young girls, fostering confidence and teamwork through sports.

Crest and Oral-B, in partnership with actress Christina Milian, aim to address oral health disparities faced by underserved communities in the U.S. Nearly 2 million children, particularly Black and Hispanic, are targeted for improved access to dental care this year. Through collaborations with organizations like America’s ToothFairy and Feeding America, Crest and Oral-B will provide essential dental resources, education, and products. Their initiative is a part of a broader mission to enhance oral health equity, showcasing the significant impact of oral health on children's well-being and future opportunities.

The Procter & Gamble Company (NYSE: PG) is voluntarily recalling specific Old Spice and Secret aerosol spray antiperspirants sold in Canada due to detected benzene, a human carcinogen. The recall includes products such as Old Spice Sweat Defense and Secret Baby Powder Spray. No adverse events have been reported, and the recall is out of caution as daily exposure levels are not expected to cause health consequences. Affected consumers can seek reimbursement and should discard the products. This recall does not impact other Old Spice and Secret products.

The Procter & Gamble Company (NYSE: PG) is recalling all aerosol spray antiperspirants under the Old Spice and Secret brands with expiry dates through September 2023 due to detected levels of benzene, a known carcinogen. This recall is precautionary; the company hasn't reported adverse health events. Affected products include various Old Spice and Secret antiperspirants sold nationwide. Consumers are advised to stop using these products and may receive reimbursements. The recall is supported by the U.S. Food and Drug Administration.

Procter & Gamble (NYSE:PG) announced that Jon R. Moeller, President and CEO, and Andre Schulten, CFO, will speak at the Morgan Stanley Virtual Global Consumer & Retail Conference on November 30, 2021, at 10:15 A.M. ET. Investors and media can access the live webcast through www.pginvestor.com. A replay will also be available. P&G offers a variety of trusted brands globally, including Pampers, Tide, and Gillette, with operations in around 70 countries.

American Financial Group (NYSE: AFG) has announced the appointment of Amy Y. Murray to its Board of Directors, bringing over 35 years of leadership experience in both corporate and governmental sectors. She previously led Asian business development for Procter & Gamble (NYSE: PG) and has held significant roles in local and federal government. Additionally, Virginia C. Drosos will step down from the board in December 2021 to pursue another opportunity. AFG's co-CEOs expressed confidence in Murray’s abilities to contribute positively to the company’s future.

Procter & Gamble (NYSE:PG) has announced that its Dawn Powerwash Dish Spray won the 2021 Good Housekeeping Sustainable Innovation Award. This product saves up to 50% of water by using spray-activated suds, reducing the need for water during hand washing dishes. The award recognizes brands innovating in smarter product design, packaging, and shipping. Dawn Powerwash features a refill model, promoting sustainability with a reusable sprayer and recyclable bottles. It’s effective for both dishwashing and cleaning various hard surfaces.

OLAY North America has launched the Easy Open Lid, a prototype designed for accessibility, available on its popular products like the Regenerist Micro-Sculpting Cream. This initiative responds to the needs of the 15% of the global population living with disabilities. The lid features an easy-open cap, extra grip, high contrast labeling, and Braille text. OLAY is not patenting this design to encourage the beauty industry to adopt similar innovations. This aligns with P&G's commitment to more inclusive packaging by 2025.